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Build your own home

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  • Build your own home

    The BBC has a nice little article about building your own home here:
    http://news.bbc.co.uk/1/hi/business/4566262.stm

    There are a couple of important points that it raises, though:

    1. Most lenders will only lend up to 75% of the cost of land and building for a new property;

    2. Equity will usually only be released in stages, to pay for different stages of development;

    3. If you can manage to self-build, you can expect the property value to increase 30% the moment you put it on the market.

    Overall, good reading if you think having a self-build would be a possible option.

    I may have to look into this more seriously.

  • #2
    Do you know of a any sites that will give you a rough idea of how much homes are to build?

    Thanks

    Jayne
    http://bowbiz.co.uk
    Commercial Propert and Business Sales.

    Comment


    • #3
      I'm afraid not yet - I've seen a couple of builders/developing offering custom builds, but I'll try and bring together what info on this I can as I find it.

      Comment


      • #4
        I know about Self Build website, but I cannot find the actual cost of the build and what you get for your money.

        Jayn
        http://bowbiz.co.uk
        Commercial Propert and Business Sales.

        Comment


        • #5
          It may depend upon the actual area, developers, and contractors etc involved - but I'll see if I can dig out some general costs that may be useful.

          Have you ever seriously considered havingyour own home built?

          I'd like to think it would be an interesting possibility myself, but I think the practicalities are going to make it difficult, at least for myself.

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          • #6
            Yes, we did consider it, but it would be a lot of hassle. My Sister has just bought 10 acres and planning has been going 6 months now and still no word. It's a long time to wait, she may have bought a lemon. Very risky buying land with no planning on..lol

            Jayne
            http://bowbiz.co.uk
            Commercial Propert and Business Sales.

            Comment


            • #7
              Self Build

              Just saw Brians post on Platinax so joined up.

              there are various "off the shelf" builders out there such as Pottons, who do build for a fixed price for the design selected.

              web site http://www.potton.co.uk/

              I also have contacts who may be able to help with self build mortages, this is not my area of expertise, but I think upto 95% of purchase & build costs is achievable depending on individual circumstances.
              Mark
              Bridging Loans | Property Development Finance

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              • #8
                Hi Mark, and welcome to PW.

                That's a nice link as well - I wonder if they do work in Scotland?
                Last edited by brian; 25-04-2006, 01:38 PM.

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                • #9
                  Self Build Property

                  In all honesty I don't know if they do build there but I did see the brochure they were producing a couple of years back. They had various designs to select from with prices to build. They do developments for private individuals and residential property development, so anyone who is interested could just ring for a brochure and price list, after all it won't cost anything!
                  Mark
                  Bridging Loans | Property Development Finance

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                  • #10
                    Welcome mark,

                    Thank You for the link.

                    Jayne
                    http://bowbiz.co.uk
                    Commercial Propert and Business Sales.

                    Comment


                    • #11
                      Thanks for the reply, Mark - I'm still unsure if a custom-build will be a practical option for myself, but while I'm keen on options, it's good to know what they may be.

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                      • #12
                        We may be able to help you. Our web site has exact details of what is included in our service and also an all inclusive price. Havve a look at www.preschan.com

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                        • #13
                          Personally, I'd love to self build but it's just not a viable option right now. Thanks for the info though, i'll take it on board.

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                          • #14
                            Admin: I hope you don't mind me linking to another forum but it does answer a lot of questions about self-build.

                            selfbuild.com

                            Alun.
                            Last edited by brian; 03-10-2006, 05:32 PM.

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                            • #15
                              Thanks for the link - I take it you'd be absolutely fine with my linking to here from your forum?

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